PayPal Dollar Stablecoin (PYUSD0) Launches on Aptos

BlockBeats News, September 19, PayPal's USD stablecoin has been expanded to Aptos via LayerZero and Stargate Hydra and launched in the form of PYUSD0.

Aptos is the only Move blockchain supported by PYUSD0 in this update. Currently, the stablecoin ecosystem on Aptos has exceeded $1.2 billion, supporting the three major global stablecoins USDC, USDT, and USDe. The introduction of PYUSD further solidifies Aptos' core position in stablecoin innovation and utilization.

Utilizing LayerZero's cross-chain infrastructure and the Stargate interface, PYUSD0 maintains full composability and interoperability on Aptos, providing developers and users with a more efficient, seamless payment, and settlement experience. Whether in DeFi applications, payment scenarios, or asset management, the Aptos ecosystem will gain a new USD stablecoin gateway.

As a high-speed, low-latency next-generation blockchain, Aptos' participation provides a solid foundation for the global expansion of PYUSD, further driving the adoption of digital dollars in Web3 financial infrastructure.